Peterman Real Estate News

Regional Headlines

The ongoing improvement in mortgage performance hit a slight snag in the third quarter of 2018, one that appears to be disaster related. The Mortgage Bankers Association said the National Delinquency Survey found the national delinquency rate grew by 11 basis points from the second quarter to 4.47 percent.
Comment?

Mortgage delinquencies inched up, in part from natural disasters hindering homeowner performance, but a stronger economy is still keeping them low, according to the Mortgage Bankers Association. The delinquency rate for single-family residential properties rose slightly to 4.47% of all loans outstanding at the end of the third quarter, marking an increase of 11 basis points from the same period a year ago.
Comment?

Alabama is fourth among states with auto debt at a time when auto loan balances have soared nationally over the last six years. The New York Federal Reserve Quarterly Report on Household Debt and Credit last month stated that Americans have about $1.3 trillion in auto loan balances.
Comment?

It may be a hard time to remember now at Lincoln's Honda manufacturing plant, in the midst of two expansions totaling $140 million, but it happened: For 60 days at the beginning of 2009, employees reported to work, had training, did maintenance, but no finished vehicles left the plant. Demand had dried up under surging gas prices and an economy off the rails.
Comment?

Gulf-front vacation rentals line West Beach Boulevard in Gulf Shores, Ala., as seen from the Sanibel condominium in this 2013 picture. The Alabama beach cities of Gulf Shores and Orange Beach both approved agreements with home-sharing app Airbnb that will allow the cities to recoup tax revenues from rentals.
Comment?

National Headlines

This past week it was oil taking the bear baton from equities, leading the market lower and focusing investor minds. It's been hard going for the asset class - excessive supply builds in the US, weakening global growth, the granting of waivers to buyers of Iranian crude and what looked like technical selling mid-week all helped to keep pressure on crude.
Comment?

Colliers International notes that B.C. residents were among those most in favour of legalizing cannabis, but its recent survey of worker attitudes found the province's office tenants are also the most likely to favour tight restrictions on the marketing, sale and use of cannabis in office buildings. Just 26 per cent felt cannabis should be modestly or mostly unrestricted.
Comment?

Home-renting company Airbnb Inc said on Monday that it had decided to remove its listings in Jewish settlements in the West Bank, enclaves that most world powers consider illegal for taking up land where Palestinians seek statehood. In response, Israel's Tourism Minister Yariv Levin instructed the ministry to restrict the company's operations across the country.
Comment?

Whilst renting a home was pretty much the norm up until about 1970, the Thatcher government's commitment to making us a nation of homeowners started a reversal of this trend. Of course, the reasons for this are numerous and require detailed analysis to be fully understood, but one of the key factors influencing a return to renting is the cost of home ownership.
Comment?

Welcome to Money Diaries , where we're tackling what might be the last taboo facing modern working women: money. We're asking millennials how they spend their hard-earned money during a seven-day period - and we're tracking every last dollar.
Comment?